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Nanoco Group PLC

Supply agreement with STMicroelectronics – Edison Flash Note

Nanoco has signed a framework agreement with STMicroelectronics (ST). This covers both development work and commercial supply of nano-materials for use in multiple infra-red sensing applications over a five-year period. While the agreement underpins the operational cash runway, which was recently extended to Q221, there is still significant uncertainty regarding future revenues, so our estimates remain under review.

Nanoco and ST have been working together for around two years, originally as part of a supply chain for a major US customer, with Nanoco manufacturing nano-materials that ST used to improve the sensitivity of its silicon infrared sensors. 

Nanoco Group PLC (LON:NANO) leads the world in the research, development and large-scale manufacture of heavy metal-free nanomaterials for use in displays, lighting, vertical farming, solar energy and bio-imaging.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.